Sandia Park, NM—87047
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sandia Park, NM
As of Oct '25, the median home price in Sandia Park, NM is $520,000, with a year-over-year change of 2.6%. This indicates that home prices in Sandia Park, NM are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $520,000 | 2.6% |
| Single Family | $521,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $314,000 | 1.9% |
3 Bed | $506,000 | 2.6% |
4 Bed | $720,000 | 2.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sandia Park, NM
As of July '25, Rentcast reports the average rent in Sandia Park, NM is $1,700, with a year-over-year rent change of -33.3%. Per bedroom, the median rent as of July '25 in Sandia Park, NM is 2-bedrooms: $1,700. The most common rental property sizes in Sandia Park, NM are 3-bedroom and 2-bedroom, accounting for 75.4% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,700 | $1,700 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sandia Park, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Sandia Park, NM is 92. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $699,000 | -1.0% |
Listing Count | 45 | -8.0% |
| Listings as % of Homes | 0.8% | -8.0% |
Days on Market | 92 | 11.0% |
Demographics — Sandia Park, NM
As of the latest ACS Survey released in 2023, Sandia Park, NM has a population of 5,170, which has increased by 17.4% over the past 5 years. Sandia Park, NM is a moderately popular place for families, as children make up 18.1% of the population. The area has a highly educated workforce, with 52.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,170 | 17.4% |
% Under 18 | 18.1% | 2.3% |
% Seniors | 24.4% | -1.6% |
% WFH | 15.4% | 65.6% |
% w/ College Degree | 52.9% | -8.0% |
As of the latest ACS Survey released in 2023, Sandia Park, NM is a predominantly white area, with 75.8% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Sandia Park, NM is hispanic, making up 21.7% of the population. Foreign-born residents account for 3.7% of the population in Sandia Park, NM, and this percentage has increased by 60.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.8% | -6.8% |
% Black | 0.4% | ∞% |
% Hispanic | 21.7% | 32.3% |
% Asian | 1.1% | ∞% |
% Foreign Born | 3.7% | 60.9% |
Mortgage and Risk — Sandia Park, NM
According to HUD data as of 2023, there were 76 mortgage originations in Sandia Park, NM, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Sandia Park, NM. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 76 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Sandia Park, NM
Sandia Park, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,330 |
| 2 Bedroom | -$70 | $1,700 | $1,630 |
| 3 Bedroom | N/A | N/A | $2,280 |
| 4 Bedroom | N/A | N/A | $2,690 |
Affordability — Sandia Park, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $520,000 |
| Median Household Income | $112,000 |